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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year FCF ($ million) 51.5 69.9 79.3 75.181.4

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Heavy Metal Corporation is expected to generate the following free cash flows over the next five years: Year FCF ($ million) 51.5 69.9 79.3 75.181.4 Thereafter he ee cash ows are expected o grow at he industry average 0 43% per year. Us ng he discounted ee cash flow mode and a weighted average costo capital of 42 a. Estimate the enterprise value of Heavy Metal b. If Heavy Metal has no excess cash, debt of $308 million, and 38 million shares outstanding, estimate its share price

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